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Strategies & Market Trends : Ask DrBob

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From: chichi212/4/2008 9:30:30 PM
   of 100058
 
LastMinutes MajorMoves Comments for 12/04by Chi2

siliconinvestor.com

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European Central Banks slash interest rates

siliconinvestor.com
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Boxer "ShortTermSupport & TrendLines Broken" 12/04

EXCERPT
"we had a bullish consolidation type pattern that gave it up late in the session and broke key short-term support, taking out 3-day trendlines as well and testing lower levels. The late snapback kept the indices, particularly the NDX, from falling out of a 3-week wedge pattern."

"We'll see if there's any downside follow-through tomorrow, or whether they recover from this. It'll be a very interesting Friday, as the employment reports will let us know better about the market wants to do."

Boxer Closing Comments COMPLETE
thetechtrader.com

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